HISTORY OF FLORIDA ROCK & TANK LINES

In 1962, Shands & Baker, Inc. entered the trucking industry as a private carrier and sales agent for Rock and Sand Mines. The companies eventually merged and became Florida Rock Industries, Inc.

The Orange Park, Florida, terminal was opened on March 19, 1962, under the name of Shands & Baker Hauling Sand. Ted Baker was the chief of this new venture, starting with 12 trucks and trailers.

Being a private carrier with the name Shands & Baker, Inc., the company couldn’t go into Georgia, so in 1964 the name was changed to All Florida Sand, which was the name of the sand mines in Keystone Heights, Keuka and Interlachen, Florida.

In the fall of 1964, Shands & Baker, Inc. purchased Mid-State Hauling. The next year they bought Diamond Sand and Stone Transportation Company in Eustis, Florida. These two companies were merged, and the name was changed to Overland Hauling Co., Inc. with the respective trucking terminals relocated to Ocoee, Florida. Later in 1965, Shands & Baker, Inc., entered into a joint venture and opened a rock quarry in southwest Georgia. With this joint venture, Shands & Baker, Inc. opened a trucking terminal in Blakely, Georgia, using the name Shands & Baker, again as a private carrier.

Shortly after the purchase of Diamond Sand and Stone Transportation Company, All Florida Sand and Shands & Baker changed their names to Diamond Sand and Stone Company and became a public carrier, hauling intrastate and interstate.

Until 1972, the trucking companies owned by Shands & Baker, Inc. hauled only construction aggregates and sand. However, on October 3 of that year, Petroleum Carrier Corporation of Florida, Inc. was purchased, and entry into petroleum and chemical hauling began.

On October 18, 1972, Shands & Baker, Inc. changed its name to Florida Rock Industries, Inc., and the transportation group, Diamond Sand and Stone Company, Overland Hauling Co., Inc. and Petroleum Carrier Corporation of Florida, Inc. became a wholly owned subsidiary, taking on the name of Florida Rock & Tank Lines, Inc.

In 1980, Florida Rock & Tank Lines, Inc. purchased Motor Fuel Carriers, a petroleum transporter based in Panama City, Florida, with terminals in Panama City, Pensacola and Tampa, Florida, and Bainbridge, Georgia.

In 1986, by proxy vote of its shareholders, Florida Rock Industries, Inc. spun off Florida Rock & Tank Lines. As a result, on July 1 of that year, Florida Rock & Tank Lines, Inc. became an independent company from Florida Rock Industries and began trading on the NASDAQ stock exchange.

In 1989, Florida Rock & Tank Lines, Inc. purchased J.R. Mabbett & Sons, a petroleum transporter based in Griffin, Georgia, with trucking terminals in Atlanta, Macon, Columbus, Albany and Bainbridge, Georgia, and Panama City, Florida.

In February 1989, the public company’s name was changed from Florida Rock & Tank Lines, Inc. to FRP Properties, Inc. and Florida Rock & Tank Lines, Inc. became a subsidiary of FRP Properties, Inc. In August of 1992, a new flatbed company, Sunbelt Transport Inc., was formed. In March of 2000, the name FRP Properties, Inc. was changed to Patriot Transportation Holdings, Inc.

In the summer of 2001, Florida Rock & Tank Lines, Inc. purchased the assets of Infinger Transportation, a petroleum and chemical transporter based in Charleston, South Carolina, and in Wilmington, North Carolina, whose operations were in many of the same cities. In 2009, Sunbelt Transport, Inc was sold by Patriot Transportation Holdings, Inc.

Florida Rock & Tank Lines, Inc. has continued its growth and is an industry leader in the southeastern United States, transporting petroleum and other liquid and dry bulk commodities in tank trucks. The company continues to operate under the parent company, Patriot Transportation Holding Inc.